BSA Investigations Analyst I

SUMMARY STATEMENT

The BSA Investigations Analyst I is responsible for conducting research and investigations of customer and transactional activity to identify potential money laundering, fraud, cyber-crime, terrorist financing, human trafficking, and other suspicious activity. This position documents investigative findings, prepares required reports, and supports compliance with applicable BSA/AML, fraud, and regulatory requirements.

PRINCIPAL DUTIES AND RESPONSIBILITIES

1. Performs daily review and analysis of various reports, referrals, and escalations to effectively determine if money laundering, cyber-crime, identity theft, terrorist financing, human trafficking, fraud, or other types of suspicious activity are occurring.
2. Conducts research utilizing various public and non-public sources and make final decisions based on research findings.
3. Identifies the information needed to clarify situations and make appropriate requests from third-party service providers and/or 314(b) participating institutions.
4. Maintains a high level of sensitivity and confidentiality when compiling investigative information, and in interacting with internal and external resources.
5. Collaborates with other team members to identify trends and make final determinations, share knowledge, and ensure consistency in investigative processes.
6. Creates and maintains case files for all investigated activity to fulfill recordkeeping requirements.
7. Writes qualitative summaries of each investigation.
8. Recommends account closure, customer termination, and/or Suspicious Activity Report (SAR) filing as warranted, and ensures necessary actions are completed by all responsible parties.
9. Prepares and files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) within required timeframes.
10. Takes appropriate action on all internal and external notifications and requests.
11. Assists and provides support to others in the department during high volume monitoring periods or absences.

Non-Essential Functions: Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

•  Associates degree in criminal justice or related field, or equivalent work and/or educational experience, required.
• 1-2 years’ BSA/AML/OFAC, fraud or compliance experience, required. 
• 1-2 years’ prior banking experience in banking operations, fraud operations, customer service, or compliance and/or risk operations.

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Knowledge of regulatory environment(s) and emerging BSA/AML and fraud trends.
• Strong investigative, written and oral communication skills.
• Strong commitment to ethics, and the ability to understand a variety of issues and perspectives.
• Understanding of the banking industry, including bank partnerships with fintech companies.
• Multitasks effectively and takes action promptly, both independently and in a team environment.
• Handles highly confidential information with appropriate discretion and works in a high volume, fast paced environment.